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AfDB to lend Morocco $800m for wind, solar project

Loans will go towards a concentrated solar power plant in Ouarzazate, says Tunis-based bank

Reuters, Saturday 8 Sep 2012
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The African Development Bank has approved $800 million in loans to Morocco to support renewable energy programs, the bank said on its website last week.

The loans will help Morocco develop a concentrated solar power (CSP) plant at the town of Ouarzazate, the Tunis-based bank said.
 
The project would be the first to be implemented under a programme which seeks to deploy about 1 gigawatt of generation capacity through plants and transmission infrastructure stretching across Morocco, Algeria, Tunisia, Egypt and Jordan, the bank added. 
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